Inchcape upgraded as JPMorgan Cazenove calls the bottom of the market
The analysts also downgraded Signature Aviation even the aviation support services group has “proven itself to be more resilient than feared”
Company
Inchcape PLC
LON:INCH
Inchcape is the leading independent multi-brand automotive distributor and retailer, operating in 32 markets with a portfolio of the world's leading automotive brands. Inchcape has diversified multi-channel revenue streams including sale of new and used vehicles, parts, service, finance and insurance. The company has been listed on the London Stock Exchange since 1958, is headquartered in London and employs around 17,800 people.
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Inchcape initiated at ‘add’ as Peel Hunt eyes long term opportunity post-coronavirus
Peel Hunt said the car dealer's revenue mix and cost base flexibility “should support underlying profitability and cash generation” as the pandemic subsided
Inchcape sales fall and activity levels expected to be subdued for some time
The car distributor and retailer is currently open in 25 markets and closed in eight others, including the UK, Singapore and Chile
Inchcape appoints tech veteran as new boss
Duncan Tait held senior roles at Fujitsu, Unisys, Hewlett Packard and Compaq
Inchcape scraps dividend amid coronavirus disruption
The car seller is still operating in 14 of its 33 markets and is confident in surviving through prolonged disruption
Inchcape suspends £150mln share buying programme
Some £25mln has been spent buying shares since the programme kicked off last month, and, it is being suspended next week
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FTSE 100 closes in red Thursday as ECB update underwhelms
There were mixed messages in Mario Draghi's update on Thursday
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Day ahead preview: Unilever, National Express, Diageo, ECB
With a slew of corporate earnings and the European Central Bank's policy decision, Thursday will be a busy day of news
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ITV investors hope for Love Island boost amid tough ad market
The week ahead includes updates from ITV, Unilever, Rightmove, Diageo, Marston's, IG Group, National Express, GSK and AstraZeneca
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Burberry, Kingfisher, Thomas Cook and Aston Martin in focus in week ahead
The week ahead's highlights include updates from Burberry, Land Securities, British Land, Premier Foods, Experian, Kingfisher, Aston Martin, Dignity, Centrica, Thomas Cook, On the Beach and Countryside Properties.
Inchcape drives higher as Jefferies International starts coverage with a ‘buy’ rating and 845p target price
Analysts at the US broker said: “Inchcape's low valuation does not represent its repositioned business, strong cash flow and potential for upgrades, in our view”
Inchcape full-year profit drops as sales hit by stricter emissions rules, challenging retail market
The FTSE 250-listed company reported a 2.6% fall in pre-exceptional pre-tax profit on a constant currency basis to £356.8mln for the year ended 31 December 2018
FTSE 100 closes lower as Chinese data dents sentiment
The UK's premier share index closed down around 32 points at 7,074
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IAG, Rolls Royce and British American Tobacco on the agenda for busy blue chip Thursday
Its set to be a busy day for blue-chip news in London on Thursday.
Inchcape third-quarter revenue flat, with rise in car distribution revenue balanced by fall in retail revenue
In a trading update for the three months to September 30, the FTSE 250-listed motors group said group revenue was £2.28bn in the period, unchanged year-on-year at actual currency but up 2% at constant currency
Inchcape motors higher after double upgrade from Barclays
Inchcape's shares hit the skids in July after the car distributor said there was "significant vehicle margin pressure" in the retail market
FTSE 100 keeps head above water at close: Facebook in focus
The Nasdaq on Wall Street is down over 88 points at the time of writing, at 7,420.
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Blue-chip deluge on Thursday with Royal Dutch Shell, AstraZeneca and Diageo (and more) set to report
Three of the 10 largest London-listed companies (by capitalisation) are updating the market on Thursday. A dozen or more other household names are also expected to report.
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Apres moi le deluge: Flood of blue chip results to dominate in coming week, including BT Group
Over the five sessions in the Week Ahead, around 20% of the FTSE 100 index will report results or issue a trading update, with about half that number due on Thursday alone
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FTSE 100 joins global equities to head lower as geopolitical worries weigh
News that the President will now not be meeting North Korea leader Kim Jong-un next month as planned is weighing on global stocks